9M2016 Results Announcement

9M2016 Results Announcement October 27, 2016 Sembcorp Industries 2016 9M2016 Performance Round-up Turnover at S$5.9 billion, down 18% Profit from Operations at S$617.1 million, down 25% Net Profit at S$247.4 million, down 49% EPS at 12.2 cents ROE (annualised) at 5.2% Sembcorp Industries 2016 2

Utilities Growing overseas contribution Net Profit S$258.8 million Net profit up 11% excluding significant items 233.8 306.2 9M2015 Singapore Overseas 16% 258.8 9M2016 Highlights Healthy 9M2016 performance 9M2016 net profit up 11% excluding significant items recorded in 9M2015 Overseas operations delivered a 20% growth in net profit to S$200.6 million, driven by better performance from China, India and the Middle East Progress on overseas projects India TPCIL operational performance: 3Q2016 average plant load factor at 80% and 2,343 million units generated Refinancing documents for TPCIL s project finance debt signed on October 24 SGPL s Unit 3 commercial operations date (COD) expected in 4Q2016. Unit 4 COD expected early 2017 China 1,320MW Chongqing power plant construction ahead of schedule. 1 st unit expected to COD in 4Q2016 Bangladesh Signed key project and financing agreements for the 426MW Sirajganj (S4) power project Significant item: Gain on divestment of Sembcorp Bournemouth Water Investment and Zhumadian China Water Sembcorp Industries 2016 3 Marine Challenging macro environment Net Profit* S$27.3 million Focus on liquidity, cash and balance sheet management Manpower requirements actively managed in line with changing needs 151.0 82% Net Orderbook (as at Sep 30, 2016) S$8.4 billion Excluding the Sete Brasil drillships, net orderbook at S$5.2 billion 8.4 Drillships 53% Highlights Focusing on technology solutions Diversifying product capabilities Gravifloat Modularised LNG and LPG terminals Aragon Process technology solutions for gas processing and FLNG markets 9M2015 27.3 9M2016 Floaters 16% Net orderbook (as at Sep 30, 2016) Semi-submersibles* 14% Jack-ups 4% Offshore Platforms 13% *Includes drilling, well intervention and crane units LMG Marin Advanced ship design & engineering SSP Next-generation circular hull forms *Sembcorp s share of Marine s net profit Sembcorp Industries 2016 4

Urban Development Better performance expected in 4Q2016 Net Profit S$6.0 million 66% Vietnam performance offset by weak Nanjing contribution and higher costs Sold 12 hectares of C&R land in Chengdu. Net profit to be recognised in 4Q Land Sales 82 hectares Industrial land sales momentum continues in Vietnam, driven by strong macroeconomic outlook Commercial & Residential Industrial & Business 103 Net Orderbook 277 hectares Healthy orderbook for VSIP and Chengdu Commercial & Residential Industrial & Business 241 277 24% 17.6 82 13% 76% 6.0 87% 9M2015 9M2016 9M2015 9M2016 9M2015 9M2016 Sembcorp Industries 2016 5 Sembcorp Group Responding to near-term challenges, building the future Weather the storm, emerge stronger as a Group Key Priorities 1 Manage Costs Optimise our operations & resources 2 Prudent Financial Management Maintain financial flexibility 3 Focus on Delivery Ensure safe and excellent project development & execution 4 Pursue Opportunities Enhance competitiveness and build platforms for future growth Sembcorp Industries 2016 6

Financial Review Sembcorp Industries 2016 Group Profit & Loss (S$M) 9M16 9M15 Δ% Turnover 5,881 7,125 (18) EBITDA* 925 1,039 (11) Profit from Operations 617 825 (25) EBIT 540 705 (23) Share of results: Associates & JVs 77 120 (36) Net Finance Cost (245) (132) (85) Finance costs (268) (152) (76) Finance income 23 20 16 PBT 372 693 (46) Tax (88) (93) 5 Non-Controlling Interests (37) (112) 67 Net Profit 247 488 (49) EPS (cents) 12.2 26.3 (54) * EBITDA excludes major non-cash items such as the effects of fair value adjustments, re-measurements, impairments and write-offs. Sembcorp Industries 2016 8

Group Turnover (S$M) 9M16 9M15 Δ% Utilities 2,988 3,241 (8) Marine 2,714 3,640 (25) Urban Development* 4 5 (17) Other Businesses 175 239 (27) TOTAL TURNOVER 5,881 7,125 (18) * Urban Development businesses comprise mainly associates or joint ventures which are accounted for under the equity method. The turnover reflected was derived from providing services to these associates or joint ventures. Sembcorp Industries 2016 9 Group Profit from Operations (PFO) (S$M) 9M16 9M15 Δ% Utilities 528.9 472.3 12 Marine 125.3 320.0 (61) Urban Development 9.2 20.7 (55) Other Businesses 18.0 27.9 (36) Corporate* (64.3) (15.6) (312) TOTAL PFO 617.1 825.3 (25) *Includes a fair value loss of S$51.9 million due to the decline in the share price of Gallant Venture, which is classified as an available-for-sale financial asset. Excluding this, Corporate costs in 9M16 would have been S$12.4 million. Sembcorp Industries 2016 10

Group Net Profit (S$M) 9M16 9M15 Δ% Utilities 258.8 306.2 (16) Marine 27.3 151.0 (82) Urban Development 6.0 17.6 (66) Other Businesses 19.3 32.3 (40) Corporate* (64.0) (19.0) (236) TOTAL NET PROFIT 247.4 488.1 (49) *Includes a fair value loss of S$51.9 million due to the decline in the share price of Gallant Venture, which is classified as an available-for-sale financial asset. Excluding this, Corporate costs in 9M16 would have been S$12.1 million. Sembcorp Industries 2016 11 Utilities Net Profit By Geography (S$M) 9M16 9M15 Δ% Singapore* 92.4 99.4 (7) China 85.9 65.1 32 India 21.0 (9.8) NM Rest of Asia** 17.9 42.7 (58) Middle East & Africa 43.2 36.4 19 UK & the Americas** 32.6 33.1 (2) Corporate (34.2) (33.1) (3) Net Profit before significant item 258.8 233.8 11 Significant item*** - 72.4 NM TOTAL NET PROFIT 258.8 306.2 (16) Singapore 32% 9M16 Net Profit (excluding Corporate) Overseas 68% * Singapore: Net Profit breakdown 9M16 9M15 Δ% Energy 34.3 35.5 (3) Water 22.2 25.8 (14) On-site Logistics & Solid Waste Management 35.9 38.1 (6) ** 9M2015 net profit included S$20.4 million contribution from SembSITA Pacific (SembSITA) under Rest of Asia, and S$2.9 million from Sembcorp Bournemouth Water Investment (SBWI) under UK & the Americas. SBWI and SembSITA were divested in April and November 2015 respectively *** Divestment gain from the sale of Sembcorp Bournemouth Water Investment and Zhumadian China Water Sembcorp Industries 2016 12

Utilities Net Profit By Product Segment (S$M) 9M16 9M15 Δ% Energy 170.9 135.8 26 Water* 75.6 60.2 26 On-site Logistics & Solid Waste Management** 46.5 70.9 (34) Corporate (34.2) (33.1) (3) Net Profit before significant item 258.8 233.8 11 Significant item*** - 72.4 NM TOTAL NET PROFIT 258.8 306.2 (16) Energy 58% 9M16 Net Profit (excluding Corporate) Water 26% On-site Logistics & Solid Waste Management 16% *9M2015 net profit included S$2.9 million from Sembcorp Bournemouth Water Investment (SBWI), which was divested in April 2015 **9M2015 net profit included S$20.4 million contribution from SembSITA Pacific (SembSITA), which was divested in November 2015 *** Divestment gain from the sale of Sembcorp Bournemouth Water Investment and Zhumadian China Water Sembcorp Industries 2016 13 Group Capex and Equity Investment (S$M) 9M16 9M15 Capital Expenditure Utilities 350.8 448.5 Marine 268.5 702.8 Urban Development / Other Businesses 9.5 8.0 628.8 1,159.3 Equity Investment Utilities 72.6 383.9 Marine 81.4 - Urban Development 9.6 8.3 163.6 392.2 Sembcorp Industries 2016 14

Group Free Cash Flow (S$M) 9M16 9M15 CASH FLOW FROM OPERATING ACTIVITIES - before changes in working capital 931 1,025 - changes in working capital 214 (1,067) - tax paid (62) (120) 1,083 (162) CASH FLOW FROM INVESTING ACTIVITIES - divestments, dividend and interest income 128 273 - investments, capex and non-trade balances * (794) (1,501) (666) (1,228) - Add back: expansion capex 697 1,454 FREE CASH FLOW 1,114 64 * Payables for capital works / fixed assets Sembcorp Industries 2016 15 Group Borrowings (S$M) Sep 30,16 D/C ratio* Dec 31,15 D/C ratio* Gross Debt Corporate debt 1,108 0.07 1,197 0.08 Project finance debt 3,518 0.21 2,256 0.15 Sembcorp Marine debt 4,108 0.25 3,380 0.23 8,734 0.53 6,833 0.46 Less: Cash and cash equivalents (2,094) (1,606) Net debt 6,640 0.40 5,227 0.35 *Total Debt-to-Capitalisation ratio Sembcorp Industries 2016 16

Financial Indicators 9M16 9M15 FY15 EPS (cents) 16.3* 35.1* 29.2 ROE (%) 5.2* 11.1* 9.4 ROTA (%) 3.5* 5.5* 3.7 Interest Cover (times) 3.4 6.6 7.2 Per Share NAV (S$) 3.58 3.64 3.60 * Annualised Sembcorp Industries 2016 17 Group Outlook Utilities The Singapore utilities business continues to face intense competition in the power market. In India, the SGPL power plant will be completed by the end of the year. SGPL is working to secure long-term power purchase agreements. TPCIL will see a full year s contribution underpinned by secured long-term contracts. Meanwhile, Utilities operations in China are expected to deliver a better performance than 2015. Marine The global oil and gas industry remains subdued and uncertain. Receipts from project deliveries and achievements of progress milestones have improved Sembcorp Marine s cash flow and balance sheet during the quarter. The business will continue to focus on liquidity, costs and balance sheet management. This includes active management of its manpower requirements in line with changing needs. Sembcorp Marine expects to navigate these tough times, having gone through several downcycles in the past. With a strong core team and strategic investments in infrastructure and technology built over the years, the business is more resilient and better positioned to capture new opportunities. Sembcorp Industries 2016 18

Group Outlook Urban Development The Urban Development business is expected to deliver a steady operating performance in 2016. Group The current market environment remains challenging. With our strategic presence in key emerging markets and strong capabilities, the Group is confident that it will continue to create and deliver long-term value and growth. Sembcorp Industries 2016 19 Vital Partners. Essential Solutions.

Disclaimer This presentation contains certain statements that are not statements of historical fact, i.e. forwardlooking statements. These forward-looking statements are based on current expectations, projections and assumptions about future events. Although Sembcorp Industries believes that these expectations, projections and assumptions are reasonable, these forward-looking statements are subject to the risks (whether known or unknown), uncertainties and assumptions about Sembcorp Industries and its business operations, such as (without limitation) the general economic and business conditions in Singapore, the Asia-Pacific region and elsewhere; currency fluctuations between the Singapore dollar and other currencies; governmental, statutory, regulatory or administrative initiative affecting our business; industry trends; future levels and composition of our assets and liabilities; future profitability of our operations; competition; changes in Singapore tax or similar laws or regulations; changes in, or the failure to comply with, governmental regulations, including exchange control regulations, if any. You are advised not to place undue reliance on these forward-looking statements as the forwardlooking events referred to in this presentation may differ materially or not occur due to these risks, uncertainties and assumptions. Investors should assume that the information in this presentation is accurate only as of the date it is issued. Sembcorp Industries has no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Sembcorp Industries 2016 21 Appendix Sembcorp Industries 2016

Group Profit & Loss (S$M) 3Q16 3Q15 Δ% Turnover 2,140 2,399 (11) EBITDA* 326 324 - Profit from Operations 171 207 (17) EBIT 168 186 (10) Share of results: Associates & JVs 3 21 (84) Net Finance Cost (83) (57) (46) Finance costs (90) (65) (39) Finance income 7 8 (10) PBT 88 150 (41) Tax (30) (11) (174) Non-Controlling Interests (4) (17) 76 Net Profit 54 122 (56) EPS (cents) 2.5 6.3 (61) *EBITDA excludes major non-cash items such as the effects of fair value adjustments, re-measurements, impairments and write-offs. Sembcorp Industries 2016 23 Group Turnover (S$M) 3Q16 3Q15 Δ% Utilities 1,199 1,159 3 Marine 888 1,130 (21) Urban Development* 1 1 (11) Other Businesses 52 109 (53) TOTAL TURNOVER 2,140 2,399 (11) * Urban Development businesses comprise mainly associates or joint ventures which are accounted for under the equity method. The turnover reflected was derived from providing services to these associates or joint ventures. Sembcorp Industries 2016 24

Group Profit from Operations (PFO) (S$M) 3Q16 3Q15 Δ% Utilities 211.9 161.9 31 Marine 1.2 33.1 (96) Urban Development (0.5) 5.3 (109) Other Businesses 6.3 12.8 (51) Corporate* (47.4) (5.9) (702) TOTAL PFO 171.5 207.2 (17) *Includes a fair value loss of S$46.1million due to the decline in the share price of Gallant Venture, which is classified as an available-for-sale financial asset. Excluding this, Corporate costs in 3Q16 would have been S$1.3 million Sembcorp Industries 2016 25 Group Net Profit (S$M) 3Q16 3Q15 Δ% Utilities 108.9 90.3 21 Marine (13.3) 19.6 NM Urban Development (1.4) 4.6 NM Other Businesses 6.8 13.2 (49) Corporate* (47.1) (5.4) (772) TOTAL NET PROFIT 53.9 122.3 (56) *Includes a fair value loss of S$46.1million due to the decline in the share price of Gallant Venture, which is classified as an available-for-sale financial asset. Excluding this, Corporate costs in 3Q16 would have been S$1.0 million Sembcorp Industries 2016 26

Utilities Turnover By Geography (S$M) 9M16 9M15 Δ% Singapore 1,707.0 2,488.9 (31) China 124.0 114.9 8 India 683.2 276.8 147 Rest of Asia 179.7 - NM Middle East & Africa 71.9 80.9 (11) UK & the Americas 237.7 305.0 (22) Corporate 0.4 - NM TOTAL TURNOVER 3,003.9 3,266.5 (8) 3Q16 3Q15 Δ% Singapore 617.6 848.3 (27) China 44.9 38.1 18 India 261.4 159.7 64 Rest of Asia 179.7 - NM Middle East & Africa 24.6 29.1 (15) UK & the Americas 76.2 94.7 (20) Corporate (0.2) - NM TOTAL TURNOVER 1,204.2 1,169.9 3 Note: Figures are stated before intercompany eliminations Sembcorp Industries 2016 27 Utilities Profit From Operations (PFO) By Geography (S$M) 9M16 9M15 Δ% Singapore 138.6 151.3 (8) China 96.2 74.4 29 India 213.5 74.3 187 Rest of Asia 18.7 42.7 (56) Middle East & Africa 46.3 39.4 18 UK & the Americas 37.0 40.7 (9) Corporate (21.4) (22.9) 7 PFO before significant item 528.9 399.9 32 Significant item - 72.4 NM TOTAL PFO 528.9 472.3 12 3Q16 3Q15 Δ% Singapore 49.7 47.1 6 China 38.3 23.3 65 India 92.1 43.3 113 Rest of Asia 7.8 15.3 (49) Middle East & Africa 16.4 14.7 11 UK & the Americas 14.7 11.1 32 Corporate (7.1) (10.6) 33 PFO before significant item 211.9 144.2 47 Significant item - 17.7 NM TOTAL PFO 211.9 161.9 31 Sembcorp Industries 2016 28

Utilities Net Profit By Geography (S$M) 9M16 9M15 Δ% Singapore 92.4 99.4 (7) China 85.9 65.1 32 India 21.0 (9.8) NM Rest of Asia* 17.9 42.7 (58) Middle East & Africa 43.2 36.4 19 UK & the Americas* 32.6 33.1 (2) Corporate (34.2) (33.1) (3) Net Profit before significant item 258.8 233.8 11 Significant item - 72.4 NM TOTAL NET PROFIT 258.8 306.2 (16) 3Q16 3Q15 Δ% Singapore 33.9 30.6 11 China 34.5 20.1 72 India 18.2 (3.0) NM Rest of Asia** 6.9 15.3 (55) Middle East & Africa 15.3 13.8 11 UK & the Americas 12.6 10.5 20 Corporate (12.5) (14.7) 15 Net Profit before significant item 108.9 72.6 50 Significant item - 17.7 NM TOTAL NET PROFIT 108.9 90.3 21 *Refer to slide 12 footnotes **3Q2015 Sembcorp net profit Industries included S$8.0 2016 million contribution from SembSITA. 29 Utilities Turnover By Product Segment (S$M) 9M16 9M15 Δ% Energy 2,513.3 2,699.6 (7) Water 248.1 301.2 (18) On-site Logistics & Solid Waste Management 242.1 265.7 (9) Corporate 0.4 - NM TOTAL TURNOVER 3,003.9 3,266.5 (8) 3Q16 3Q15 Δ% Energy 1,038.8 988.0 5 Water 86.4 90.2 (4) On-site Logistics & Solid Waste Management 79.2 91.7 (14) Corporate (0.2) - NM TOTAL TURNOVER 1,204.2 1,169.9 3 Note: Figures are stated before intercompany eliminations Sembcorp Industries 2016 30

Utilities Profit from Operations (PFO) By Product Segment (S$M) 9M16 9M15 Δ% Energy 396.0 255.6 55 Water 98.1 83.2 18 On-site Logistics & Solid Waste Management 56.2 84.0 (33) Corporate (21.4) (22.9) (7) PFO before significant item 528.9 399.9 32 Significant item - 72.4 NM TOTAL PFO 528.9 472.3 12 3Q16 3Q15 Δ% Energy 159.3 101.6 57 Water 41.9 22.3 88 On-site Logistics & Solid Waste Management 17.8 30.9 (42) Corporate (7.1) (10.6) (33) PFO before significant item 211.9 144.2 47 Significant item - 17.7 NM TOTAL PFO 211.9 161.9 31 Sembcorp Industries 2016 31 Utilities Net Profit By Product Segment (S$M) 9M16 9M15 Δ% Energy 170.9 135.8 26 Water* 75.6 60.2 26 On-site Logistics & Solid Waste Management* 46.5 70.9 (34) Corporate (34.2) (33.1) (3) Net Profit before significant item 258.8 233.8 11 Significant item - 72.4 NM TOTAL NET PROFIT 258.8 306.2 (16) 3Q16 3Q15 Δ% Energy 73.8 41.9 76 Water 32.8 18.0 82 On-site Logistics & Solid Waste Management** 14.8 27.4 (46) Corporate (12.5) (14.7) 15 Net Profit before significant item 108.9 72.6 50 Significant item - 17.7 NM TOTAL NET PROFIT 108.9 90.3 21 *Refer to slide 13 footnotes **3Q2015 Sembcorp net profit Industries included S$8.0 2016 million contribution from SembSITA. 32